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Found 97 article(s) for author 'China'

China Is Vulnerable But Deal Unlikely. Robert Lawrence, May 17, 2019, Audio, “Robert Lawrence, Professor of International Trade and Investment at Harvard Kennedy School and former economic advisor to President Clinton, on why a China trade deal is looking unlikely in the near future. Martin Stephan, the Deputy CEO of Carbios, a French recycling biotech company, on their technology that aims for zero plastic waste. Alex Webb, Bloomberg Opinion technology columnist, discusses his column: “Amazon-Deliveroo Alliance Would Eat Uber For Dinner.” Will Rhind, CEO of GraniteShares, with his mid-year outlook on gold and oil. Hosted by Lisa Abramowicz and Paul Sweeney.” Link

There’s a revealing puzzle in the China tariffs. Lawrence Summers, May 14, 2019, Opinion, “On Monday, China announced new tariffs on $60 billion of U.S. exports, and the United States threatened new tariffs on up to $300 billion of Chinese goods. These actions were cited as the principal reason for a decline of more than 600 points in the Dow Jones industrial average, or about 2.4 percent in broader measures of the stock market. With the total value of U.S. stocks around $30 trillion, this decline represents more than $700 billion in lost wealth. This was not an isolated event. Again and again in the past year, markets have gyrated in response to the state of trade negotiations between the United States and China.” Link

What a wise US-China trade deal looks like? Full of trade-offs. Kenneth Rogoff, May 8, 2019, Opinion, “Will a possibly imminent US-China trade agreement exacerbate global business cycles or even plant the seeds of the next Asian financial crisis? If the eventual agreement – assuming there is one – forces China to hew indefinitely to its outmoded, overly rigid exchange-rate regime, then the answer may be yes.” Link

To Serve the People: Income, Region and Citizen Attitudes towards Governance in China (2003–2016). Edward Cunningham, Anthony Saich, April 11, 2019, Paper, “Through use of a unique, multi-year public opinion survey, this paper seeks to measure changes in self-reported governmental satisfaction among Chinese citizens between 2003 and 2016. Despite the persistence of vast socio-economic and regional inequalities, we find evidence that low-income citizens and residents living in China’s less-developed inland provinces have actually reported comparatively greater increases in satisfaction since 2003. These results, which we term the “income effect” and “region effect” respectively, are more pronounced at the county and township levels of government, which are most responsible for public service provision. Our findings also show that the satisfaction gap between privileged and more marginalized populations in China is beginning to close, in large part owing to efforts by the Hu Jintao and Xi Jinping administrations to rebalance the gains of economic growth and shift resources towards the populations most overlooked during China’s first few decades of reform.” Link

Peaceful Coexistence 2.0. Dani Rodrik, April 10, 2019, Opinion, “Today’s Sino-American impasse is rooted in “hyper-globalism,” under which countries must open their economies to foreign companies, regardless of the consequences for their growth strategies or social models. But a global trade regime that cannot accommodate the world’s largest trading economy is a regime in urgent need of repair.” Link

Donald Trump and Xi Jinping are missing a trick over trade. Jeffrey Frankel, March 22, 2019, Opinion, “President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ trade negotiations with China. A good outcome for both sides would be reached if China agreed to protect property rights better and reduce the state’s role in its economy; the US agreed to strengthen national saving and public investment; and both sides agreed to reverse their recent tariff increases. Unfortunately, this is not the deal that is likely to materialise.” Link

Chinese slowdown impact: Here’s what experts have to say. Kenneth Rogoff, March 8, 2019, Video, “The Chinese Premier Li Keqiang, China’s second most powerful man, next to Xi Jinping, this week warned his country’s highest lawmaking body that the country will face a more complicated environment and grave risks and challenges. Addressing the National People’s Congress, he set the country’s economic growth at 6 to 6.5 percent this year, just a shade lower than the 6.6 percent it achieved in 2018. He also promised lower taxes and fewer burdens on the private sector. So, should the world read this warning as an indication of deeper troubles for the Chinese economy or should one be confident that China can deliver a 6 percent plus growth this year? And what does a slightly slowing China mean to the world economy?” Link

Will the US Capitulate to China? Martin Feldstein, February 25, 2019, Opinion, “The most important problem that a bilateral deal between the United States and China needs to resolve is Chinese theft of US firms’ technology. Unless the Chinese agree to stop stealing technology, and the two sides devise a way to enforce that agreement, the US will not have achieved anything useful from Trump’s tariffs.” Link

China’s economy shows signs of slowdown, Harvard economist says. Kenneth Rogoff, February 25, 2019, Video, “The U.S. economy is doing “pretty well” right now, but Harvard University Economics Professor Kenneth Rogoff says the rest of the world, especially China, has problems. “There’s a slow patch in the global economy — I think China’s more than a slow patch,” he said during an interview on FOX Business’ “Mornings with Maria” on Monday. “It may have a soft landing, but it will be onto a downward slope. Centralizing power doesn’t work in trying to have a productive economy.”” Link

No trade deal can dictate our relationship with China. Lawrence Summers, February 4, 2019, Opinion, “Lawrence Summers is a professor at and past president of Harvard University. He was treasury secretary from 1999 to 2001 and an economic adviser to President Barack Obama from 2009 through 2010. As the United States and China continue to joust over trade and technology, the U.S. policy debate contrasts two views of the primary problem.” Link

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